this post was submitted on 12 Dec 2023
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Games

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Video game news oriented community. No NanoUFO is not a bot :)

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[–] eyes@lemmy.world 18 points 11 months ago

The games industry is shrinking post COVID boom, companies expanded massively to try to capitalise on that and now the money isn't there anymore. The games industry is always bad for layoffs, with staff being seen as an unnecessary expense post project in many cases. Additionally the tech sector is experiencing a unheard of levels of bad year (something like a 700%+ percent increase in layoffs according to at least one research group) which is contributing.